New Delhi: The Commerce Ministry has launched a probe into alleged dumping of a chemical, used in pharma and pesticide industries, from China and Saudi Arabia, according to an official notification.
The commerce ministry’s investigation arm Directorate General of Trade Remedies (DGTR) has initiated a probe into alleged dumping of Dimethyl Formamide from these two countries following a complaint filed by Balaji Amines Ltd on behalf of the domestic industry.
The company has filed an application before the directorate for an investigation into the imports from these countries for imposing an anti-dumping duty.
DGTR in a notification said on the basis of the prima facie evidence submitted by the company about dumping of the product by firms in these two nations, ” the authority, hereby, initiates an investigation”.
In the probe, DGTR will determine the existence, degree and effect of any alleged dumping.
If it will be established that the dumping has impacted the domestic industry, the directorate would recommend imposition of the duty. The finance ministry will take the final decision to impose duty.
The period of investigation is from January to September 2019 (9 months). It would also look at the data of 2016-19.